Berlin, NJ—08009
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Berlin, NJ
As of Oct '25, the median home price in Berlin, NJ is $385,000, with a year-over-year change of 2.3%. This indicates that home prices in Berlin, NJ are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $385,000 | 2.3% |
| Single Family | $388,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $342,000 | 3.0% |
3 Bed | $366,000 | 2.8% |
4 Bed | $477,000 | 2.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Berlin, NJ
As of July '25, Rentcast reports the average rent in Berlin, NJ is $2,240, with a year-over-year rent change of 1.8%. Per bedroom, the median rent as of July '25 in Berlin, NJ is studios: $1,340, 1-bedrooms: $1,670, 2-bedrooms: $1,780, 3-bedrooms: $2,930, 4-bedrooms: $2,650. The most common rental property sizes in Berlin, NJ are 2-bedroom and 1-bedroom, accounting for 54.4% and 18.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,240 |
| Studio Rent | $1,340 | $1,340 |
| 1 Bed Rent | $1,600 | $1,670 |
| 2 Bed Rent | $1,600 | $1,780 |
| 3 Bed Rent | $3,000 | $2,930 |
| 4 Bed Rent | $2,650 | $2,650 |
% of Rental Stock
Property Listings — Berlin, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Berlin, NJ is 31. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $471,000 | 21.0% |
Listing Count | 76 | 105.0% |
| Listings as % of Homes | 0.6% | 105.0% |
Days on Market | 31 | 20.0% |
Demographics — Berlin, NJ
As of the latest ACS Survey released in 2023, Berlin, NJ has a population of 15,000, which has increased by 14.3% over the past 5 years. Berlin, NJ is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 31.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,000 | 14.3% |
% Under 18 | 21.6% | 1.4% |
% Seniors | 17.8% | 7.2% |
% WFH | 8.3% | 84.4% |
% w/ College Degree | 31.3% | -7.4% |
As of the latest ACS Survey released in 2023, Berlin, NJ is a predominantly white area, with 70.8% of the population identifying as white. The white population has shrunk by 9.1% in the last 5 years. The second most common race or ethnicity in Berlin, NJ is black, making up 13.2% of the population. Foreign-born residents account for 7.5% of the population in Berlin, NJ, and this percentage has increased by 108.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.8% | -9.1% |
% Black | 13.2% | 16.8% |
% Hispanic | 9.2% | 87.8% |
% Asian | 2.2% | -33.3% |
% Foreign Born | 7.5% | 108.3% |
Mortgage and Risk — Berlin, NJ
According to HUD data as of 2023, there were 173 mortgage originations in Berlin, NJ, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Berlin, NJ. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 173 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Berlin, NJ
As of 2024, the percent of homes in Berlin, NJ under the Section 8 program is 0.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Berlin, NJ, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,600 | $1,620 |
| 2 Bedroom | $330 | $1,600 | $1,930 |
| 3 Bedroom | -$670 | $3,000 | $2,330 |
| 4 Bedroom | -$10 | $2,650 | $2,640 |
Affordability — Berlin, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $385,000 |
| Median Household Income | $102,000 |